How to Be a Successful Hedge Fund Manager

Hedge funds like venture capital funds just try to put money to work, right? And you try to make a return on that. Most hedge funds are two and 20. So if they have a billion dollars, you get 2% of that every year,. Just for managing the place, buying Bloomberg terminals, whatever it is, getting super nice real estate. If you're a billion dollar hedge fund, you return 20%, so you're now 1.2 billion. You keep 40 mill, but normally there's not many people needed in a one billiondollar hedge fund.